HUGE NEWS! 2.5 million additional residential properties returned to a state of positive equity during the second quarter of 2013, and the total number of mortgaged residential properties with equity is currently 41.5 million. 14.5 percent of all residential properties with a mortgage were still underwater home owners at the end of the second quarter of 2013. This figure is down from 19.7 percent of all residential properties with a mortgage, at the end of the first quarter of 2013. "In just the first half of 2013 almost three and a half million homeowners have returned to positive equity, but the pace of improvement will likely slow as price appreciation moderates in the second half." - Care Logic Read more here: online.wsj/article/PR-CO-20130910-904758.html. Federal Housing Finance Agency wants to bring the maximum conforming loan amount back to the 2008 level of $417,000.
Posted on: Thu, 12 Sep 2013 16:45:14 +0000